Regulatory Alerts2023-08-09
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Instruction No. 10/2023 of August 9
The National Bank of Angola issues Instruction No. 10/2023 to establish prudential limits on large exposures and holdings in non-financial companies for Banking Financial Institutions under its supervision. The directive mandates specific calculation methodologies, risk concentration controls, and quarterly reporting requirements while introducing transitional provisions for foreign currency exposures to the Angolan State. Non-compliance triggers sanctions, and the instruction supersedes previous guidelines by defining precise capital deductions, exemption criteria, and risk-weighted asset adjustments.
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